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| Topic: |
Business
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| Number of pages / Number of words: |
76 / 21086 |
Essay's paper body
However, the default rule that if it is not under corporate statutes, it is a partnership. However, if that is the case, you can check the box and be considered a corporation for tax purposes.
- Stock for stock is non-taxable if you do it correctly. Say someone comes to a California LLC and they want to buy you for stock for stock...
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You take the LLC and check the box to be treated as a corporation. The LLC, for tax purposes only, is treated as an LLC. For tax purposes, you are now a corporation and can engage in a stock swap. If you did not do this, the stock swap could not be used.
Thursday, August 28, 2008
If you are formed under a state corporation statute, you are in fact a corporation and stay a corporation for tax purposes...
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General points of the essay
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